P2P structure, regulatory framework under review

The Land Transport Authority said its review will focus on three objectives.

The Land Transport Authority is reviewing the availability, resilience and inclusivity of Singapore’s Point-to-Point (P2P) industry.

In an announcement, LTA underscored that the P2P sector has “evolved significantly” since the implementation of its current licensing framework in October 2020.

“There is a growing preference for ride-hail services among commuters and drivers due to its matching efficiency and ease of booking through mobile applications. This decrease in demand for traditional taxi services has resulted in fewer taxis plying the streets,” the LTA said.

“At the same time, taxis retain an important role in serving high-demand locations such as Changi Airport, tourists and commuters who are less technologically savvy,” it added.

Helping LTA in its review of the sector’s structure and regulatory framework are taxi and ride-hail operators, the National Taxi Association, and the National Private Hire Vehicles Association.

LTA’s tripartite partners also discussed the adoption of cleaner-energy vehicles and the importance of encouraging gracious behaviour among drivers and commuters.

LTA plans to complete the review by the second quarter of 2024.

Follow the link for more news on

Land Transport Authority

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia